197 Shaftsbury Road, Eastwood NSW 2122
197 Shaftsbury Road, Eastwood NSW 2122
Freestanding house on 1,108m² | Long-held estate sale | Zoned for multi-dwelling development | Elevated, level parcel.
This propertys core strength is its substantial, level landholding in a sought-after locale, presenting a rare development canvas. The recent approval for five dwellings crystallises its highest and best use, transitioning it from a single dwelling to a low-density residential project. It serves a developer or a buyer seeking significant equity creation through subdivision, not an end-user seeking a finished home.
Proceed only with a developers calculus. The premium paid at acquisition is solely for the lands development potential, rendering the existing house a liability requiring demolition. Your position carries full project risk-construction costs, financing, and market absorption of the new units. The commercial logic is clear: execute the approved plan or hold the land banking on future zoning gains. This is a strategic land play, not a conventional home purchase.
Detailed Independent Property Report prepared by PropCred Analyst team for 197 Shaftsbury Road, Eastwood NSW 2122
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Eastwood is a well-established suburb with a dual-market dynamic, appealing to both established families seeking premium homes and first-home buyers or investors targeting its significant strata sector. Demand is underpinned by its transport links and amenity, supporting robust sales activity and strong historical capital growth. Recent conditions show a divergence, with house values experiencing modest growth while the unit market has softened, presenting a nuanced landscape. Future performance will hinge on broader affordability pressures and the balance between its enduring desirability and the current supply dynamics within each property segment.
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PropCred Estimated Value
Bedrooms
5
Bathroom
1
Parking
1
Land
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